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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and DYNEX CAPITAL INC (DX). Click either name above to swap in a different company.

DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $39.8M, roughly 1.1× Day One Biopharmaceuticals, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -57.6%).

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

DAWN vs DX — Head-to-Head

Bigger by revenue
DX
DX
1.1× larger
DX
$43.5M
$39.8M
DAWN
Growing faster (revenue YoY)
DX
DX
+588.9% gap
DX
531.3%
-57.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
DX
DX
Revenue
$39.8M
$43.5M
Net Profit
$-19.7M
Gross Margin
Operating Margin
-60.9%
Net Margin
-49.6%
Revenue YoY
-57.6%
531.3%
Net Profit YoY
-153.3%
EPS (diluted)
$-0.19
$1.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DAWN
DAWN
DX
DX
Q4 25
$43.5M
Q3 25
$39.8M
$30.6M
Q2 25
$33.9M
$23.1M
Q1 25
$30.8M
$17.1M
Q3 24
$93.8M
Q1 24
$0
$-3.2M
Q3 23
$0
Q4 22
$6.2M
Net Profit
DAWN
DAWN
DX
DX
Q4 25
Q3 25
$-19.7M
$150.4M
Q2 25
$-30.3M
$-13.6M
Q1 25
$-36.0M
$-3.1M
Q3 24
$37.0M
Q1 24
$-62.4M
$40.1M
Q3 23
$-46.1M
Q4 22
$43.3M
Operating Margin
DAWN
DAWN
DX
DX
Q4 25
Q3 25
-60.9%
Q2 25
-103.1%
Q1 25
-133.5%
Q3 24
31.6%
Q1 24
Q3 23
Q4 22
Net Margin
DAWN
DAWN
DX
DX
Q4 25
Q3 25
-49.6%
491.3%
Q2 25
-89.4%
-58.8%
Q1 25
-117.0%
-18.0%
Q3 24
39.5%
Q1 24
-1256.8%
Q3 23
Q4 22
697.2%
EPS (diluted)
DAWN
DAWN
DX
DX
Q4 25
$1.59
Q3 25
$-0.19
$1.08
Q2 25
$-0.29
$-0.14
Q1 25
$-0.35
$-0.06
Q3 24
$0.38
Q1 24
$-0.72
$0.64
Q3 23
$-0.54
Q4 22
$0.44

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAWN
DAWN
DX
DX
Cash + ST InvestmentsLiquidity on hand
$451.6M
$531.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$2.5B
Total Assets
$513.8M
$17.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
DX
DX
Q4 25
$531.0M
Q3 25
$451.6M
$491.0M
Q2 25
$453.1M
$387.5M
Q1 25
$473.0M
$327.4M
Q3 24
$558.4M
Q1 24
$317.9M
$295.7M
Q3 23
$405.5M
Q4 22
$332.0M
Stockholders' Equity
DAWN
DAWN
DX
DX
Q4 25
$2.5B
Q3 25
$450.9M
$2.0B
Q2 25
$460.8M
$1.6B
Q1 25
$479.5M
$1.4B
Q3 24
$555.5M
Q1 24
$296.8M
$958.5M
Q3 23
$389.6M
Q4 22
$901.3M
Total Assets
DAWN
DAWN
DX
DX
Q4 25
$17.3B
Q3 25
$513.8M
$14.2B
Q2 25
$519.0M
$11.3B
Q1 25
$534.4M
$9.0B
Q3 24
$600.8M
Q1 24
$326.6M
$6.3B
Q3 23
$414.2M
Q4 22
$3.6B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAWN
DAWN
DX
DX
Operating Cash FlowLast quarter
$-5.8M
$120.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
DX
DX
Q4 25
$120.8M
Q3 25
$-5.8M
$68.3M
Q2 25
$-24.8M
$31.9M
Q1 25
$-59.0M
$6.4M
Q3 24
$50.8M
Q1 24
$-49.7M
$-17.1M
Q3 23
$-37.1M
Q4 22
$30.1M
Free Cash Flow
DAWN
DAWN
DX
DX
Q4 25
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q3 24
$50.0M
Q1 24
Q3 23
$-37.1M
Q4 22
FCF Margin
DAWN
DAWN
DX
DX
Q4 25
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q3 24
53.4%
Q1 24
Q3 23
Q4 22
Capex Intensity
DAWN
DAWN
DX
DX
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q3 24
0.8%
Q1 24
Q3 23
Q4 22
Cash Conversion
DAWN
DAWN
DX
DX
Q4 25
Q3 25
0.45×
Q2 25
Q1 25
Q3 24
1.37×
Q1 24
-0.43×
Q3 23
Q4 22
0.69×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

DX
DX

Segment breakdown not available.

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